Buy Planet Fitness Stock LINK
The maker of innovative exercise equipment, a darling on Wall Street during the depths of the coronavirus pandemic in 2020, reported a year-over-year revenue decline of 28%, as well as a massive net loss of $1.2 billion, in its fiscal 2022 fourth quarter. The stock fell 18% on the day of the financial release and is down 70% on the year.
buy planet fitness stock
While Peloton's intense struggles continue as management tries to implement a turnaround plan, a rival business is back to hitting its stride. Here's why Planet Fitness (PLNT 1.25%), whose shares have climbed more than 200% over the past five years, might be the best fitness stock to buy right now.
While Planet Fitness's business is firing on all cylinders -- increasing revenue, members, and the store count at a healthy clip -- its shares do not look like a bargain right now. The stock is trading at a price-to-earnings ratio of more than 105 and a price-to-sales multiple of nearly nine. Nonetheless, Planet Fitness appears to be a safer investment in the fitness industry than Peloton, which has undoubtedly received far more attention.
This optimism is probably fully priced into the stock today. But for investors looking to put some money to work, Planet Fitness is a top option when it comes to fitness stocks. I think practicing some patience and waiting for a pullback is the best move at the moment.
You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.
Once that you've found Planet Fitness on your broker, submit a purchase order to buy shares of the stock (currently $77.67 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.
In the past three months, Planet Fitness insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $15,491.00 in company stock.
Planet Fitness, Inc. engages in the operation and franchising of fitness centers. It operates through the following segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment includes operations related to the company's franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The Corporate-Owned Stores segment comprises operations with respect to all Corporate-owned stores throughout the United States and Canada. The Equipment segment involves the sale of equipment to franchisee-owned stores. The company was founded by Michael Grondahl and Marc Grondahl in 1992 and is headquartered in Hampton, NH.
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
The current consensus among 17 polled investment analysts is to Buy stock in Planet Fitness Inc. This rating has held steady since February, when it was unchanged from a Buy rating.Move your mouse over pastmonths for detail
Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2019. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.67 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.27%.
Since the stock is closer to the support from accumulated volume at $77.55 (0.15%)than the resistance at $79.11 (1.85%),our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Planet Fitness Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Berks had started his own Planet Fitness gym in 1993 in Sunrise, Florida, and eventually expanded it to three clubs, along with a Gold's Gym franchise. Berks had been catering to the bodybuilding culture in his Gold's Gym. "I decided I didn't want to deal with that crowd, so that's when I opened the original Planet Fitness club in Sunrise, Florida, in 1993." The name came from his daughter's school project, "Fitness Planet". The new model was an effort to provide a fitness hub for everyday people. Berks later went on to open the first Youfit Health Club in St. Petersburg, Florida.
Rondeau and the Grondahls recognized that there was a greater opportunity to serve a much larger segment of the population if they changed the gym environment, both in attitude and format, by creating a non-intimidating, low-cost model. Planet Fitness became known as the "Judgement Free Zone", aimed more at the average user than the bodybuilder type of fitness enthusiast. They also dramatically reduced prices to compete against better-known brands. This low-cost business model focuses on the needs of occasional or first-time health club members, rather than more experienced members, and depends on many members rarely showing up. According to a Planet Money episode from 2014, "half of the Planet Fitness members don't ever go to their gyms." In 2003, Planet Fitness opened its first franchised location in Florida, with Eric Dore and Shane McGuiness.
The club's two membership levels are $10 and $24.99 per month in the United states and in Canada they charge $15 and $25 per month. The $10 per month level includes access to cardio and strength equipment, unlimited group fitness instruction and pizza and bagels once a month; the $24.99 per month ("Black Card") level allows members to bring one guest per day at no charge, access to all Planet Fitness locations, and access to extra amenities, such as tanning booths, massage chairs, red light therapy and water massage beds.
The Barchart Technical Opinion widget shows you today's overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.
The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. 041b061a72